Retail Container Imports to Rise 9.9 Percent in October

WASHINGTON-Import cargo volume at the nation's major retail container ports is expected to increase 9.9 percent this month, according to the latest Global Port Tracker report issued by the National Retail Federation and Hackett Associates.

"NRF's annual forecast says retailers should see solid growth during the holiday season this year, and these cargo numbers back it up," said Jonathan Gold, NRF vice president for supply chain and customs policy. "Increased imports show that retailers have gauged the market and expect increased sales." Last week, NRF and shop.org projected that holiday sales for 2012 would rise by 4.1 percent.

In August, the most recent month with available figures, import cargo volume increased 3.3 percent over August 2011. The Global Tracker Report forecast a September year-over-year gain of 8 percent. The report noted that August, September and October are the busiest months of the year in imports, as retailers look to stock up for the holidays.

The report said November cargo volume should be up 2.4 percent over last year, followed by a December pickup of 4.6 percent. January should bring a decrease of 0.5 percent, followed by a February increase of 9 percent.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover

    HFN's DIGITAL EDITION

    August 2017


    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    ALSO IN THIS ISSUE:

    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.